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The property market is showing signs of more and more activity with Raine & Horne Financial Services Director, Paul Newall, reporting that in February;
· 40% of loans were to first home buyers and
· importantly investors went from close to nil to 10% of loans in a month.
· Commercial loans are increasing and
· A huge number of loan pre-approvals are in process
We are now seeing first home buyers competing with investors in the under $500,000 market with particular activity in the under $400,000 segment. February was a record for RHFS and March is continuing the trend.
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on Thursday, March 5th, 2009 at 10:51 am and is filed under Uncategorized, Housing affordability, Marketing, Industry trends.
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